U.S. stocks rallied to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy. The S&P 500 was 1.4% higher in afternoon trading and topped the record closing level it set earlier this month. President Biden pitched a $1.9 trillion plan for the struggling economy: will that stimulus help carry the economy until COVID-19 vaccinations get daily life closer to normal later this year? Caleb Silver, Editor in Chief of Investopedia joins Tony with analysis.
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